$875,500

Property Description

Fully occupied 7-unit apartment building featuring six 1-bedroom apartments and one 2-bedroom apartment. All units are currently occupied and producing rental income. Current monthly gross rental income is approximately $5,910, or $70,920 annually. Landlord is responsible for cold water, trash, exterminating, snow removal and landscaping. Building has one house electric meter. All tenants are currently in place, and the property has clean common hallways and well-maintained areas. Most leases are month-to-month with 60 days' notice; the Section 8 tenancy requires 30 days' notice. Property is subject to real estate taxes. Seller is also addressing the real estate tax assessment, with the applicable appeal deadline in October 2026. Strong opportunity for an investor seeking a fully occupied Philadelphia multifamily property with established rental income and multiple units. Buyer to independently verify all rents, leases, expenses, utility arrangements, unit configurations, and Section 8 information.

Property Facts & Features

Property Type

Multi Family

Status

Active

Listed

Oct 7, 2026

Price per Sq Ft

$243/sqft

ZIP Code

19122

Parking

On Street

Heating

Baseboard Electric

Cooling

Window Unit(S)

Construction

Brick

Style

Georgian

Property Tax (2026)

$7,224/yr

Assessed Value

$516,100

Last Sold

$210,000 · Mar 18, 2008

Neighborhood

Hartranft

County

Philadelphia

School District

The School District of Philadelphia

Features & Amenities

Location

Lat 39.97801 · Lng -75.14693